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With Trump having made multiple deals with trade partners to lower their respective tariff rates, we now have a better understanding about what he actually wants from them. So is the President “winning” these trade wars? Or is his trade policy confused?
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Sources:
Details on Trumpâs tariffs/threats/deals
https://www.piie.com/blogs/realtime-economics/2025/trumps-trade-war-timeline-20-date-guideÂ
https://www.lemonde.fr/en/economy/article/2025/05/23/trump-threatens-50-eu-tariff-from-june-1_6741580_19.htmlÂ
https://www.apricitas.io/p/farce-of-the-dealÂ
https://www.bbc.co.uk/news/articles/cgeqrd0e9j7oÂ
https://observingjapan.substack.com/p/tragic-to-the-lastÂ
https://www.bbc.co.uk/news/articles/cgeqrd0e9j7oÂ
https://www.whitehouse.gov/fact-sheets/2025/07/fact-sheet-president-donald-j-trump-continues-enforcement-of-reciprocal-tariffs-and-announces-new-tariff-rates/Â
https://www.cnbc.com/2025/07/22/trump-philippines-trade-tariffs-military.htmlÂ
US Economic data
https://tradingeconomics.com/united-states/inflation-cpi https://commonslibrary.parliament.uk/research-briefings/sn02784/Â
https://www.axios.com/2025/07/28/tariff-revenue-investors-automakersÂ
https://www.cnbc.com/2025/07/11/treasury-posts-unexpected-surplus-in-june-as-tariff-receipts-surge.htmlÂ
Interpretation of concessions falling apart
https://x.com/JorgeLiboreiro/status/1949757333006872712Â
https://truthsocial.com/@realDonaldTrump/posts/114899417740854572Â
https://truthsocial.com/@realDonaldTrump/posts/114902743574618008Â
China vs US trade surplus/deficit data
https://x.com/Brad_Setser/status/1950220874444833253Â
https://x.com/Brad_Setser/status/1950201219118436408Â
https://paulkrugman.substack.com/p/about-that-japan-deal
0:00 Intro
1:28 Trump’s Deals So Far
4:50 Is Trump Really Winning?
